Much has been made in the media over the past five years over the big numbers of millennials seeking apartments rather than single family homes. Now, in the past year, the discussion has shifted to the newest noted generation, dubbed Gen Z.
The children of Baby Boomers are very practical, self-reliant, and independent. That is why this group – Generation X (those born between 1965 and 1980) – are choosing to live in apartment communities all over the U.S.
The independence and practicality of this group of 51 million Americans are fueled by the fact that many of them grew up as “latchkey kids”, or the parents of divorce. This has caused Gen Xers to learn to rely on themselves and make decisions for their lives – and those of their children – based on their own experience, not what someone tells them is best.